450 Park Avenue

Total Page:16

File Type:pdf, Size:1020Kb

450 Park Avenue 450 Park Avenue An architectural landmark designed by Emery Roth & Sons, 450 Park Avenue provides luxury office and retail space on Manhattan’s most prominent corner. Customers covet the boutique atmosphere at 57th and Park Avenue — the gateway to every corner of the city and beyond. Featuring exceptional service and amenities, including curated wellness and art programs, this trophy asset offers far-reaching views framed by the building’s sweeping signature curvilinear windows. Luxury office connects people and commerce on Park Avenue At a glance 33 332,773 stories SF GLA Awards Energy Star Certification Wired Certified - Silver NEW JERSEY NORTH Location & access MUSEUM DEWITT OF ARTS CLINTON PARK AND DESIGN W 54TH ST W 58TH ST CENTRAL PARK HUDSON RIVER W 52ND ST PARK AVE 10TH AVE MTA - N, R, W Trains 9TH AVE 7TH AVE CARNEGIE - 5 Avenue Station - W 50TH ST BROADWAY HALL THEATRE THE PLAZA E 62ND ST 6 minute walk LINCOLN TUNNEL 8TH AVE 650 MADISON AVE SHERATON W 48TH ST NEW YORK MTA - 4, 5, 6 Trains - TIMES SQUARE 6TH AVE E 60TH ST 59 St- Lexington Av MUSEUM OF E 58TH ST MODERN ART Station - 6 minute W 46TH ST TRUMP walk TOWER 450 PARK AVE ANTHONY BRIZZI PL 11TH AVE RADIO CITY W 44TH ST MUSIC HALL 12TH AVE LINCOLN TUNNEL E 56TH ST INTERCONTINENTAL W 42ND ST NEW YORK TIMES SQUARE FDR Drive - TOP OF THE ROCK 645 5th AVE 6 minute drive 3RD AVE ROCKEFELLER MADISON AVE CENTER TIMES THE NEW YORK ST. PATRICK'S SQUARE PARK AVE MUSEUM OF CATHEDRAL CONTEMPORARY ART W 40TH ST HILTON E 54TH ST GARDEN INN W 38TH ST E 52ND ST E 50TH ST HUDSON YARDS HAMPTON INN 5TH AVE MANHATTAN W 36TH ST 2ND AVE E 48TH ST GRAND CENTRAL BROADWAY Gateway to STATION THE VESSEL W 34TH ST W 28TH ST E 46TH ST FOUR POINTS BY 6TH AVE BRYANT PARK SHERATON MANHATTAN the finest MIDTOWN WEST CRYSLER BUILDING E 44TH ST luxury 12TH AVE 3RD AVE 57th Street heralds the finest MADISON AVE E 42ND ST PENN STATION PARK AVE TUNNEL in luxury retail with a mix of W 30TH ST CHELSEA PARK SHOPPING LEXINGTON AVE CENTER EMPIRE STATE 10TH AVE BUILDING E 40TH ST the most regarded global W 32ND ST E 38TH ST CHELSEA 9TH AVE WATERSIDE PARK brands anchored by 450 Park W 28TH ST Avenue and the Four Seasons and extending to Bergdorf Goodman and Nobu. About Oxford Properties Group Oxford Properties Group connects people to exceptional places, and is the owner, developer and manager of some of the world’s best real estate assets. Established in 1960, it manages approximately C$60 billion of assets across the globe on behalf of its co-owners and investment partners. Oxford’s portfolio encompasses office, retail, industrial, hotels and multifamily residential and spans more than 100 million square feet in global gateway cities and hubs across four continents. A highly disciplined and thematic investor, Oxford invests in properties, portfolios, development sites, debt, securities and platforms across the risk-reward spectrum. With its global headquarters in Toronto, Oxford operates out of over 15 regional offices including London, Luxembourg, New York, Singapore and Sydney. Its long-term approach to real estate investment aligns Oxford’s interests to its customers and the communities in which it operates. Oxford is owned by OMERS, the defined benefit pension plan for Ontario’s municipal employees. For more information on Oxford, visit www.oxfordproperties.com 1 Ratings by Fitch & DBRS Contact Adam Frazier VP, Leasing - US Region +1 917 282 7882 [email protected].
Recommended publications
  • 2019 Summary Report PDF (English)
    SUSTAINABILITY REPORT 2019 HIGHLIGHTS -9% CARBON REDUCTION Since 2015 Sector Leader 2018 of Total Buildings $150M CAD 86% with a ENERGY SPEND GREEN BUILDING Total Portfolio CERTIFICATION Q&A WITH MICHAEL TURNER WHAT DOES SUSTAINABILITY WHAT IS DIFFERENT ABOUT OXFORD’S MEAN TO YOU? APPROACH TO SUSTAINABILITY? Sustainability is about being a responsible We have a culture that encourages all team members to own their corporate citizen. It is about setting goals, role, exchange ideas, take smart risks and share their learnings. and sweating the details in-between. It’s Our team is integrated across business lines and around the world, also about leadership, transparency and which is a tremendous advantage. We are ambitious and have high engagement, and doing our part to make expectations, in sustainability and in all we do. the world a better place. WHAT ARE YOU MOST PROUD OF AROUND HOW DOES SUSTAINABILITY FIT OXFORD’S SUSTAINABILITY EFFORTS? MICHAEL TURNER INTO OXFORD’S STRATEGY? I am most proud of our team’s disciplined execution. It’s easy to President, Oxford is committed to connecting develop sustainability strategies and targets. It’s much harder to Oxford Properties Group people to exceptional places, and our execute on them across asset classes and around the world, but sustainability practices and programs our people do that consistently through the decisions and actions contribute to delivering on that vision. We are proud of the many they take every day. ways we actively engage our global team and our 2 million daily customers in sustainability, and of the long list of accomplishments WHAT CAN PEOPLE EXPECT FROM OXFORD and industry firsts we have achieved.
    [Show full text]
  • For Personal Use Only Use Personal for About Blackstone
    ASX Announcement 13.09.18 Investa Office Fund (ASX:IOF) Acquisition Proposal from Oxford Properties Group Investa Listed Funds Management Limited (ILFML) as responsible entity of the Investa Office Fund (IOF) announces that it has received the attached unsolicited, non-binding, indicative and conditional proposal from Oxford Properties Group to acquire 100% of IOF for a cash price of $5.60 per unit (less any distributions declared or paid on or after today) (Oxford Proposal). ILFML recommends that unitholders take no action at this point. The ILFML Directors continue to unanimously recommend the Blackstone proposal in the absence of a superior proposal. The Board of ILFML is considering the Oxford Proposal and will update unitholders in due course. End For further information please contact: Penny Ransom Simon Ranson Fund Manager Vice Chairman Investa Office Fund J.P. Morgan Australia Limited T +61 2 8226 9405 T +61 2 9003 8486 M +61 434 561 592 [email protected] [email protected] For media enquiries please contact: Peter Brookes Citadel-MAGNUS M +61 407 911 389 [email protected] About Investa Office Fund Investa Office Fund (ASX code: IOF) is an externally managed Australian listed real estate investment trust, included in the S&P/ASX 100 index. IOF is governed by the Independent Board of Investa Listed Funds Management Limited as Responsible Entity, and managed by Investa – one of Australia’s largest and most highly regarded office managers. IOF has total assets under management of over $4.3 billion, with 20 investment grade office buildings in core CBD markets across Australia.
    [Show full text]
  • Canada-2013-Finalists.Pdf
    TRADITIONAL MARKETING ADVERTISING Centres 150,000 to 400,000 sq. ft. of total retail space Identity Crisis Rescued 10 Dundas East Toronto, Ontario Management Company: Bentall Kennedy (Canada) LP Owner: 10 Dundas Street Ltd. One World in the Heart of Your Community Jane Finch Mall Toronto, Ontario Management Company: Arcturus Realty Corporation Owner: Brad-Jay Investments Limited At the Heart of the Community Les Galeries de Hull Gatineau, Quebec Management Company/Owner: Ivanhoe Cambridge Here’s to the Best Things in Life Lynden Park Mall Brantford, Ontario Management Company/Owner: Ivanhoe Cambridge Must Visit MEC Montreal Eaton Centre Montreal, Quebec Management Company/Owner: Ivanhoe Cambridge Centres 400,000 to 750,000 sq. ft. of total retail space Break Out Your Style Cornwall Centre Regina, Saskatchewan Management Company: 20 Vic Management Inc. Owner: Kingsett Capital & Ontario Pension Board The Really Runway Dufferin Mall Toronto, Ontario Management Company: Primaris Management Inc. Owner: H&R Reit Les Rivieres: Inspired by Trends Les Rivières Shopping Centre Trois-Rivières, Quebec Management Company: Ivanhoe Cambridge Owner: Ivanhoe Cambridge & Sears Canada Medicine Hat Mall Motherload Medicine Hat Mall Medicine Hat, Alberta Management Company: Primaris Management Inc. Owner: H & R Reit Crate&Barrel | OAKRIDGE · SINCE MARCH 21, 2013 Oakridge Centre Vancouver, British Columbia Management Company/Owner: Ivanhoe Cambridge Wahoo! Uptown Victoria, British Columbia Management Company: Morguard Investments Limited Owner: Greystone Centres 750,000 to 1,000,000 sq. ft. of total retail space Entrepôts de Marques - Brand Factory Marché Central Montréal, Québec Management Company: Bentall Kennedy (Canada) LP Owner: bcIMC Realty Corporation The World Of Fashion In 200 Stores Place Rosemère Rosemère, Québec Management Company: Morguard Investments Limited Owner: Rosemère Centre Properties Limited An Independent Style Southcentre Calgary, Alberta Management Company /Owner: Oxford Properties Group St.
    [Show full text]
  • Fall Hospitality Report Manhattan 2015
    FALL HOSPITALITY REPORT (2015) MANHATTAN FALL HOSPITALITY REPORT MANHATTAN 2015 1 | P a g e FALL HOSPITALITY REPORT (2015) MANHATTAN EXECUTIVE SUMMARY According to the Starr report, Manhattan’s hotel sector has been growing by over 4.0 % since 2010 both by ADR and number of rooms. The demand still far exceeds supply especially for 5 star brands. Early in the hotel recovery in 2011, three star brands grew in number of rooms and ADR initially. As the recovery went into full swing by late 2013, four and five star hotel development continued to outpace three star hotel growth. Global investors are seeking five star hotel product in Manhattan and at $1.0 million up to $2.0 million per key. For instance, Chinese investors bought the Waldorf Astoria and the Baccarat Hotels both at substantially above $1.0 million per key. Manhattan is one of the best hotel markets in the world between growing tourism and inexpensive accommodations compared to other global gateway cities like London, Paris, Moscow, Hong Kong, etc. Any established global hotel brand also requires a presence in Manhattan. In 2014 alone, 4,348 keys were added to Manhattan’s existing 108,592 rooms. Currently, another 14,272 rooms are under construction in the city and about 4000 keys (1/3) are for boutique hotels. As of July 2015, the Manhattan market has approximately 118,000 keys. They are segmented as follows: Currently, there is a 4.0% annual compounded growth rate. Despite this growth, demand for hotel rooms from tourism, conventions, cultural events, and corporate use continues to grow as Manhattan is one of the most desirable locations for all of the above uses especially tourism from Asia and Europe.
    [Show full text]
  • Rainer Nowak Sr. Chief General Operations & Borders Issues
    Rainer Nowak MEMBERS Sr. Chief Alberta Investment Management Corporation Allied Properties REIT General Operations & Borders Issues Artis REIT Aspen Properties Ltd. Finance Canada Avison Young 140 O’Connor Street Baybridge Seniors Housing Inc. Bentall Kennedy Group Ottawa, Ontario K1A 0G5 BMO Capital Markets Real Estate Inc. Boardwalk REIT Brookfield Financial Real Estate Group September 28th, 2012 Brookfield Office Properties Brookfield Real Estate Opportunity Fund Build Toronto Inc. Cadillac Fairview Corporation Ltd., The Re: GST/HST Impacts on Canadian REITs Calloway REIT Canderel CAPREIT CB Richard Ellis Limited In response to a consultation on financial institution rules, REALpac would like to CIBC World Markets Inc. Colliers International. Inc. make the following issues known to Finance: Cominar REIT CREIT (Canadian REIT) Crombie REIT Cushman & Wakefield Ltd. It was recently brought to our attention that the GST/HST charged on the costs Dorsay Development Corp. related to capital raises and corporate transactions are not permitted to be claimed as Dundee REIT EPIC Realty Partners Inc. Input Tax Credits (“ITC”) on the REITs GST return (S. 185). For many Canadian Fengate Capital Management Ltd. Fiera Properties REITs that are in substantial growth mode, raising capital, be it debt or equity, is First Capital Realty Inc. First National Financial LP integral for the REIT to achieve its mandate. However, the inability to claim the ITC Gazit America Inc. on GST/HST charged on costs related to capital growth means that REIT “all in” GE Capital Real Estate Granite Real Estate costs are more expensive than their real estate counterparts structured as a Greystone Managed Investments Inc.
    [Show full text]
  • FY20 Annual Report
    Toronto FY20 Annual Report ASK GREAT QUESTIONS MEMBERS ONL Y MEMBERS-ONL Expert Insights Y TOUR Tuesday June 16, 2020 | 12:00pm t o 1:30pm formance: Image Cour veloping High-Per tesy of SHoP Ar chitects. Members Only: oDe Sustainable Construction The Shift T Message From The Mass Timber ay: Finding Construction MasterClass ave Your W Oxford Properties vent - P tainty Thursday February 13 Virtual Career E 5:00PM - 7:30PM 100 Adelaide St W, 14th Floor Opportunities in Times of Uncer Tuesday February 25 | 4:30PM - 6:00PM Incoming Chair Wednesday, June 10, 2020 ULI Toronto is hosting an evening featuring readings from select authors of one of the ve made for unprecedentedo help times, and 8:00AM - 9:30AM oronto is herebestselling t books on women in business; The Collective Wisdom of High-Performing aduates. ULI T The COVID-19 crisis and related economic disruption ha om the Judy Project. The evening will also include Native Child and F Women: Leadership Lessons fr amily Ser Interest in building with mass timber is increasing but not wellDream underst Unlimited throwing off many plans for students and recent gr ate personal and vices of T veraging the power of the ULI network, our community canroundtable foster industry discussions on how to embrace your own ambition and cultiv oronto (phot support you. By le o FORREC . team leadership. ) 30 Adelaide St E, Suite 301 ogether onto for a Wednesday January 29 The Urban Land Institute (ULI) T resilience and work t , join ULI Tor There are envir aduate, or early on in your career ts on how they got Consultation Initiative oronto is pleased t MODERAoT network,OR: onmental adv Whether you're a student, recent gr 5:30PM - 7:30PM PCL Agile to be able t o collabor carbon cost than reinfor , Chief Client Officer, Osler, Hoskin & Harcourt LLP Acknowledgement: Indigenous Histo offer this webinar on Explainingate with the GT tual networking session.
    [Show full text]
  • New York Branch Other Regulatory Disclosures
    New York Branch Other Regulatory Disclosures April 2019 CIP (Customer Identification Program) Notice In order to comply with existing regulations to combat terrorist financing and money laundering activities, the regulations require all financial institutions to obtain, verify and record information that identifies each person who establishes an account or any other financial relationship with such institution. What this means for you: When you open an account or any other financial relationship with BRADESCO S.A. NEW YORK BRANCH, when an individual request to open an account, we will ask the name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your national ID, Passport, Driver’s License or other valid government issued ID that allow us to perform a verification of the identity of the person. For entities we will request documentation to prove the legal existence, ownership structure, information about the persons authorized to represent the entity as account-holder, the entity’s registration number, tax identity number (TIN) and/or registration number assigned by the registrar of companies or similar government agency where the incorporation documents were filed. We will also ask you for the names of all authorized signatories, attorneys-in- fact, officers and directors of the legal entity opening accounts and for significant beneficial owners of the legal entity account-holders (generally, all those with direct or indirect ownership interest of at least 10%). In some cases, we may request identification documents of persons or legal entities that are already customers of BRADESCO S.A.
    [Show full text]
  • Oxford Properties Launches Disposition Process for Collection of OIPP Assets
    Oxford Properties launches disposition process for collection of OIPP assets • Oxford to sell a collection of properties from the OIPP portfolio, in line with its strategy to reposition the portfolio and reinvest capital for future growth. • The disposition process is set to launch on March 11. • Cushman & Wakefield have been appointed as lead advisors on the disposition process. Sydney, NSW – 7 March 2019 – Oxford Properties Group (“Oxford”), a premier global real estate investment, development and management company based in Toronto, Canada, today announced it has launched the disposition process for a collection of office properties from the recently launched OIPP portfolio (“the Portfolio”). The disposition process is set to formally launch on March 11. The disposition will enable Oxford, which is the global real estate arm of OMERS, to focus on the strategic assets it plans to hold for the long-term and proceeds will fund capital reinvestment in the Portfolio as well as future growth. To facilitate the process, Cushman & Wakefield have been appointed as lead advisors. Alec Harper, Director, Investments and Asset Management, Australia, Oxford, commented on the campaign, “We have carefully identified a collection of high quality, well-located properties for sale that we believe will be very attractive to the market. This will enable our team to focus on the assets that most closely align with Oxford’s overall global investment strategy. Furthermore, it provides us the opportunity to recycle sale proceeds to fund growth in our existing portfolio as well as future acquisitions of on-strategy, premier assets in Australia’s gateway cities.” Josh Cullen, Cushman & Wakefield National Director, Capital Markets, Australia and New Zealand, also commented, “The properties on offer are high quality assets across Australia’s largest capital cities.
    [Show full text]
  • MORGUARD REAL ESTATE INVESTMENT TRUST MANAGEMENT INFORMATION CIRCULAR March 12, 2020 VOTING INFORMATION
    MORGUARD REAL ESTATE INVESTMENT TRUST MANAGEMENT INFORMATION CIRCULAR March 12, 2020 VOTING INFORMATION SOLICITATION OF PROXIES This Management Information Circular (“Circular”) is furnished in connection with the solicitation of proxies by or on behalf of management of Morguard Real Estate Investment Trust (the “Trust”) for use at the annual meeting (“Meeting”) of unitholders (the “Unitholders”) of the Trust to be held on May 6, 2020 at 9:45 a.m. (local time) at Rattlesnake Point Golf Club, 5407 Regional Road 25, Milton, Ontario L9T 2X5, and at all adjournments thereof. The solicitation will be made primarily by mail but proxies may also be solicited by telephone by employees of the Trust, board of trustees of the Trust (the “Board of Trustees” or “Board”, and each member of the Board a “Trustee”) or by the Trust’s transfer agent, Computershare Trust Company of Canada, at a nominal cost. The costs of solicitation will be borne by the Trust. The information contained in this Circular is given as at March 12, 2020 unless otherwise indicated. Appointment of Proxies The persons named in the enclosed form of proxy are Trustees. Each Unitholder has the right to appoint a person other than the persons named in the enclosed form of proxy, who need not be a Unitholder, to represent the Unitholder at the Meeting. This right may be exercised by inserting the name of the person to be appointed by the Unitholder in the space provided in the form of proxy or by completing another proper form of proxy. Proxies must be deposited with the Trust, c/o Computershare Trust Company of Canada, 100 University Avenue, 8th Floor, Toronto, Ontario, M5J 2Y1, Attention: Proxy Department, so as to arrive not later than 5:00 p.m.
    [Show full text]
  • Sydney Metro Pitt Street South Over Station Development
    Sydney Metro Pitt Street South Over Station Development Build to Rent Overview State Significant Development Development Application Revision B SMCSWSPS‐OXF‐OSS‐PL‐REP‐000001 Document Control Revision B Prepared for issue: Lucinda Mander‐Jones Date: 18 May 2020 Reviewed for issue: Nellie O’Keeffe Date: 18 April 2020 Approved for issue: Ian Lyon Date: 18 April 2020 Contents Common Abbreviations .................................................................................................................... 4 Executive Summary ........................................................................................................................... 5 Background ....................................................................................................................................... 6 1. State Significant Secretary’s Environmental Assessment Requirements ........................... 6 2. Introduction ........................................................................................................................ 6 3. Oxford Property Group Overview ....................................................................................... 7 Project Summary ............................................................................................................................... 9 4. Project Objectives ............................................................................................................... 9 5. What is Build to Rent ? ....................................................................................................
    [Show full text]
  • Energy Reduction Since 2010 Four Years in A
    2017 SUSTAINABILITY BLAKE REPORT HUTCHESON President and CEO, Oxford Properties Group We are a global business. That means we We all know that actions speak louder than have a global responsibility. words, so to guide our actions, we made four commitments: So many pensioners rely on us to do what is right, and this has always driven the strategy 1. We will be a leader in the development and the purpose of our company. Even more and operation of energy efficient, low people rely on us to make good decisions carbon buildings. that impact the world around us. ST 2. We will incorporate world class features FOUR For almost 10 years now, we have developed and amenities in our buildings that YEARS IN a solid reputation around our sustainability support the success of our customers and A ROW platform and it has added significant value to help them live healthy and active lives. 1 (North American our business. But we need to go further. We diversified 3. We will critically evaluate the need to do more. office-retail) environmental and health aspects of the We have engaged in a process to evolve materials and resources we procure and Sustainable Intelligence. We have asked use across their full life cycle. people and partners from across our % business what they think the future of 4. We will engage our stakeholders, create ENERGY sustainability should look like, and how we outstanding buildings and places, and give REDUCTION can create it, one decision at a time. back to our communities. 29 SINCE 2010 Their ideas led directly to Oxford’s upgraded Four commitments, one common goal.
    [Show full text]
  • 7. Urban Design and Visual Resources
    East Midtown Rezoning and Related Actions FEIS 7. Urban Design and Visual Resources 7.1 INTRODUCTION This chapter assesses the Proposed Action’s potential effects on urban design and visual resources. As described in Chapter 1, “Project Description,” the Proposed Action involves zoning map and zoning text amendments that would affect an approximately 70-block area in the East Midtown area of Manhattan for the purpose of protecting and strengthening the area as a premier office district, as well as improving the area’s pedestrian and built environment. The Proposed Action is intended to encourage limited and targeted as-of-right commercial development in appropriate locations by establishing an East Midtown Subdistrict within the Special Midtown District. The East Midtown Subdistrict would supersede and subsume the existing Grand Central Subdistrict, focusing new commercial development with the greatest as-of-right densities on large sites with full block frontage on avenues around Grand Central Terminal, with slightly lower densities allowed along the Park Avenue corridor and elsewhere. The zoning text amendment would also streamline the system for landmark transfers within the Grand Central Subarea of the East Midtown Subdistrict and generate funding for area-wide pedestrian network improvements. The zoning map amendments would replace the existing C5-2 designation in the midblock area between East 42nd and East 43rd Streets, from Second Avenue to Third Avenue, with C5-3 and C5-2.5 designations, which would be mapped within the Special Midtown District and East Midtown Subdistrict. Subject to further analysis and public consultation, the Proposed Action may also amend the City Map to reflect a “Public Place” designation over portions of Vanderbilt Avenue to allow for the permanent development of a partially pedestrianized street.
    [Show full text]